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Posted by Wilecoyote on January 16, 2007, 7:59 pm
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Was wondering if there is an industry standard in the
transportation industry of useful life of a tractor trailer.
I was looking for the Useful life of Book Depreciation if
that helps
Thanks in Advance
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Posted by menawach on January 18, 2007, 4:20 am
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See IRS Pub 946.
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Posted by Benjamin Yazersky CPA on January 18, 2007, 4:20 am
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> Was wondering if there is an industry standard in the
> transportation industry of useful life of a tractor trailer.
> I was looking for the Useful life of Book Depreciation if
> that helps
I believe there is.
I just don't recall the proper asset class offhand.
___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----
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Posted by Arthur Kamlet on January 18, 2007, 4:20 am
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> Was wondering if there is an industry standard in the
> transportation industry of useful life of a tractor trailer.
> I was looking for the Useful life of Book Depreciation if
> that helps
I seem to recall the cab itselk is 3 years. Like race horses :^)
--
Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH
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Posted by Harlan Lunsford on January 19, 2007, 1:39 am
Please log in for more thread options Arthur Kamlet wrote:
>> Was wondering if there is an industry standard in the
>> transportation industry of useful life of a tractor trailer.
>> I was looking for the Useful life of Book Depreciation if
>> that helps
> I seem to recall the cab itselk is 3 years. Like race horses :^)
Right. And since it is three years, that's generally too
short a time for effective tax strategy. I find using at
least 5 years for clients a better choice to spread out
deductions, and even 7 years at times.
ChEAr$,
Harlan Lunsford, EA n LA
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